Word: deficit
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Dates: during 1940-1949
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...first time in three years the U.S. Treasury had to get out the red ink. It was a lusty $1,811,440,047.68 in the hole for fiscal 1949. The Government had spent $40,057,107,857.79-a peacetime record-while taking in only $38,245,667,810.11. The deficit was more than three times as much as Harry Truman forecast in his January budget message...
...economic point was the week's touchiest. Acheson bluntly said that, to the best of his knowledge, East Germany was a deficit economy in which the Russian state had taken possession of a third of all industrial enterprise. Vishinsky painted a different picture of East Germany. Its industrial output, he said, was 96.6% of 1936-more progress than the 90% claimed for West Germany. Britain's Ernest Bevin, cigarette drooping from a corner of his mouth, thanked Vishinsky for "this tableau of Oriental prosperity," promised to bring it to the attention of the "thousands of refugees" from Soviet...
...aware that they have lagged behind Catholics and Jews in the task of finding suitable places in America for Europe's displaced persons. Last week, Church World Service, an overseas relief agency for 20 Protestant and three Eastern Orthodox denominations, took a decisive step to make up the deficit: it launched a campaign to arouse Protestant interest in the plight of Europe's homeless. Designating June as "D.P. Action Month," C.W.S. asked each member church to join in furnishing the assurance of job, housing and transportation from port of arrival which the law requires before D.P.s can embark...
...tricky way to turn the Government's prospective $2.9 billion deficit into a $1.7 billion surplus for fiscal 1949-50 was proposed by Arkansas' Wilbur D. Mills, a Democratic member of the House Ways & Means Committee. Mills introduced a bill which would require corporations to pay all their 1949 taxes before July 1, 1950, instead of in four quarterly pay-ments-thus adding an estimated $4.6 billion to tax receipts for the next fiscal year, which ordinarily would not have been paid until the following fiscal year. The Treasury took the idea under advisement, while G.O.P. lawmakers rightly...
...solution seems to remain--a fare increase. Though the EL consistently lost money, it never raised its fare above ten cents. In the 1948 gubernatorial election, Dever accused ex-Governor Bradford of planning to boost the fare; because of the implications that Dever could get around the deficit some other way, the present governor has now a political obligation to keep the ten cent rate...